MGRO - PT. Mahkota Group Tbk

Rp 875

+5 (+0,57%)

JAKARTA. PT Mahkota Group Tbk (MGRO) will increase the production and processing capacity of Crude Palm Oil (CPO) and its derivative products starting this year.

Usli, Director of MGRO, said that the addition of CPO production and processing capacity is the company's strategy to improve its performance over the next two years. This was stated by Usli in the company's public exposure on Thursday (9/5).

MGRO will receive an additional 1,500 tonnes of CPO processing capacity per day managed from its subsidiary, PT Intan Sejati Andalan. The company will also get an additional capacity of up to 400 tonnes per day after the Kernel Crushing facility at PT Intan Sejati Andalan has been completed. In addition, the company will also add its storage capacity to 16,000 metric tonnes at PT Dumai Paricipta Abadi.

The project is planned to be completed in 2020. (KR/AR)